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Article: Raser Technologies Announces Closing of $25.5 Million Registered Direct Offering.
- Article from:
- Business Wire
- Article date:
- July 7, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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PROVO, Utah -- Raser Technologies, Inc. (NYSE: RZ) announced today that it closed its previously announced sale of approximately $25.5 million of its common stock and warrants in a registered direct offering. Net proceeds to the Company from the offering, after placement agent fees and offering expenses, are approximately $23.8 million.
Calyon Securities (USA) Inc. served as lead placement agent and RBC Capital Markets and JMP Securities LLC served as co-placement agents for the offering.
Raser CEO Brent M. Cook said, "We look at this as a compelling opportunity for Raser to move forward with its development plans, as we continue to work on several ...